Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
USD-DENOMINATED IBOVESPA Dec 2021 (CME:IBV.Z21)
Bull Market Weakness (+75) - IBV.Z21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IBV.Z21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid IBV.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for IBV.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IBV.Z21
The long-term trend has been DOWN since Oct 19th, 2021 at 114250
The intermediate-term trend has been UP since Dec 6th, 2021 at 107275
The short-term trend has been UP since Dec 3rd, 2021 at 103060
Smart Scan Analysis for IBV.Z21
Based on our trend formula, IBV.Z21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).